Questions on Word Problems: Money, Business and Interest answered by real tutors!

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 274104: if i want to buy a Wii for 300.00 and make 25.00 a day for babysitting at 3 days out of a week. How many weeks must I work in order to buy the Wii?
Click here to see answer by stanbon(75887)

Question 274197: A MAN INVESTED $20.000 at an annual interest rate of 7% and $ 12,000.00 at an annual interest rate of 7.5%. what was his annual income on the two investments
Click here to see answer by calegebra(14)

Question 274311: katrina bought 4 shirts and 1 pair of jeans for $84.85
juliette bought 2 shirts and 3 pairs of jeans for $134.75
each shirt cost the same amount
each pair of jeans cost the same amount
what is the cost, in dollars, for 1 pair of jeans?
Click here to see answer by richwmiller(17219)

Question 274146: The value of the bracelet today is $1250....if the value of the bracelet increases at a rate of 4.5% per year, what will the value of the bracelet be in 12 years?
I need to write an algebraic equation for this problem.
Click here to see answer by scott8148(6628)

Question 274629: how much interest(percentage) is added monthly if i am paying 9%(yearly) compounded monthly? i need the interest percentage charged each month. is it .09/12=.0075?
Click here to see answer by Alan3354(69443)

Question 124862: In 2002, Home Depot�s sales amounted to $58,200,000,000. In 2006, its sales were $90,800,000,000.
Write Home Depot�s 2002 sales and 2006 sales in scientific notation.
my answer: 9.08 x 10^10 and 5.82 x 10^10
You can find the percent of growth in Home Depot�s sales from 2002 to 2006, follow these steps:
Find the increase in sales from 2002 to 2006.
What was the percent growth in Home Depot�s sales from 2002 to 2006? Do all your work by using scientific notation.

Click here to see answer by phantomcelica(1)

Question 274676: An investor spends a total of $15,000 in two investments, a mortgage and a bond. The mortgage pays 10% interest and the bond pays 6% interest. If the total interest from both investments for one year is $1,120 find the amount invested in the mortgage and the bond.
Thank You!!
Click here to see answer by checkley77(12844)

Question 274753: Total points in a game was 101, 45 goals, how many 2 pointers and how many 3 pointers. I can't seem to figure out the correct equation.
Click here to see answer by edjones(8007)

Question 274732: Finite Math is hard how do I solve this question.
Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amounts. Payments are made at the end of each period. $75,000; money earns 6% compounded semiannually for 4 1/2 years

Click here to see answer by anantha(86)

Question 274859: A total of $30,000 was invested in two mutual funds. One fund yields 10.5% annual simple interest; the other fund earns 6%. At the end of the year, the combined interest from the two funds was $2,340. How was invested in each fund. Thank You
Click here to see answer by checkley77(12844)

Question 274959: Today is your 21th Birthday and you have $15,000 in your bank account, earning 4.5% interest compounded semiannually. How much will be in the account on your 50th birthday?
Click here to see answer by checkley77(12844)

Question 275223: A small business borrows $40,000, part of the loan from the bank at the rate of 8% annual simple interest, and the rest from a credit card at the rate of 14% annual simple interest. The interest paid on both loans after one year totaled $3,800. How much was borrowed at each rate? Thank You
Click here to see answer by Greenfinch(383)

Question 275395: Steven paid $119.84 for a nw jacket. This included 7% sales tax. What was the cost of the jacket before taxes.
Click here to see answer by rfer(16322)

Question 275477: The number of items sold at a price of x dollars per item is 2000-300x. It costs 8 dollars to make the item.
What price should be charged to make the most profit?
I would think it would be the profit (2000-300x)-cost 8(2000-300x) and then solve for x but this is not right..any help would be great!
thanks!
Click here to see answer by vash464(1)

Question 275523: If Lea's savings were increased by 4 times his savings, the result would be 25000 pesos. How much has he saved?
Click here to see answer by fwm5007(5)

Question 275693: A real estate handles an apartment complex with 1000 units
when the rent per unit is $600 . month, 100 units are occupied. However it has been determined that for each $5.00 decrease in monthly rent, 10 more units will be occupied.
A) write a function for the total montly revenue
B) sketch the graph of the revenue and determined the monthly rent that will generate the maximum revenue.
C) How many units will be occupied at this amount?
Click here to see answer by ankor@dixie-net.com(22740)

Question 275829: Find the slope intercept equation of the line that has the given characteristics. Slpe 3 and y-intercept (0,2). The slope-intercept equation is y=??
Click here to see answer by stanbon(75887)

Question 275828: determine whether the graphs of the pair of lines are parallel.
x + 6 = y
y - x = -2
What is the slope of the line y + 6 =Y?
Click here to see answer by stanbon(75887)

Question 275838: Write an equation of the line containing the given point and parallel to the given line. Express you answer in the form of y=mx+b.
(7,8);x +8y=9. The equation of the line is y=???
Click here to see answer by solver91311(24713)

Question 275857: Find the slope intercept equation of the line that has the given characteristics. Slope 1.8 and y-intercept (0,-6). The slope intercept equation y=???
Click here to see answer by richwmiller(17219)

Question 276116: Find an equation of the line contain the given pair of points. (1/4,-1/2)and 3/4,6). What is the equation of the line? y=??
Click here to see answer by solver91311(24713)

Question 276277: Suppose that at a job interview, you are told that you would receive a 10% increase in your salary at the end of each of the first 3 years. How much would your starting salary have changed at the end of the third year?
Click here to see answer by solver91311(24713)

Question 276297: an executive in an engineering firm earns a monthly salary plus a christmas bonus of 8500. if she earns a total of 97,300 per year, what is her monthly salary?
Click here to see answer by solver91311(24713)

Question 276331: Determine how much more interest would be earned in the account paying compound interest. Round to the nearest cent. Principal:
$ 600 Rate: 8% Years: 9
Click here to see answer by nyc_function(2741)

Question 276428: Kate bought 3 used CDs and 1 used DVD at the bookstore. Her friend Joel bought 2 used CDs and 2 used DVDs at the same store. If Kate spent $20 and joel spent $22, determine the cost of the used CD and the used DVD
Click here to see answer by oberobic(2304)

Question 276542: what principle must be invested at 12% if the simple interest earned after 2 years is $960?
Click here to see answer by nyc_function(2741)

Question 276623: a store received two shipments of clothing. the cost of the first shipment which contains 10 sweaters and 20 jackets was $800. the cost of the second shipment, which contains 5 sweaters and 15 jackets was $550. find the cost of one sweater and the cost of one jacket. PLEASE HELP. STEP BY STEP IF YOU CAN!
Click here to see answer by stanbon(75887)

Question 276760: Jim's weekly pay is two thirds of Alicia's. Together they earn $800 per week. What is each person's weekly pay?
Click here to see answer by josmiceli(19441)

Question 276792: Computer universe stock lost 12.5% of its value in one day's trading in the stock market. If the stock sold for $28 per share at the end of the day, what was its price at the start of the day
Click here to see answer by josmiceli(19441)

Question 276836: a women invested $20,000, part in bond A at 6% interest and the rest in bond B at 7% interest. if the annual interest was 1,260 how much was invested in bond B
Click here to see answer by solver91311(24713)

Question 276835: a women invested $20,000, part in bond A at 6% interest and the rest in bond B at 7% interest. if the annual interest was 1,260 how much was invested in bond B
Click here to see answer by solver91311(24713)

Question 276890: how much do you have to invest now at 6% compounded continuously to have $128000 15 years from now?
Click here to see answer by stanbon(75887)

Question 276925: Solve the problem. Helen Weller invested $15,000 in an account that pays 12% simple interest. How much additional money must be invested in an account that pays 15% simple interest so that the total interest is equal to the interest on the two investments at the rate of 13%?
Click here to see answer by solver91311(24713)

Question 276970: Including 6% sales tax, a car sold for $23,850. Find the price of the car before the tax was added.
Click here to see answer by unlockmath(1688)

Question 277018: bob owen is closing a real estate transaction on a farm in Yocona, Mississippi, for 385,900. his mortgage holder requires a 25% down payment and he also must pay 60.00 to record the deed, 100 in attorney's fees for document preparation, and 350 for an appraisal report. Bob will also have to pay a 1.5% loan origination fee. Bob chooses a 35 year mortgage at 7%. How much cash will bob need to close on the property?
Click here to see answer by Theo(13342)

Question 277203: What would be the yearly earnings for a person with $6,000 in savings at an annual interest rate of 5.5 percent?
Click here to see answer by checkley77(12844)

Question 277534: I need step by step direction in lament terms not in algebra language to understand how to caculate the answer for a fomula once I get all the numbers plugged into it please break it down step by step
Click here to see answer by CharlesG2(834)

Question 277533: One of the accepted functions used to express this correspondence is: h(x) = 1.95 x + 72.85.
where (the domain) x= length of the femur bone in cm and (the range ) h is the height of the female subject in cm.
Show all detail calculations and find answers to 2 decimal precision.
a) Find the height of a female whose femur is 35 cm long

Click here to see answer by JBarnum(2146)

Question 277625: The word problem is:
Susan invests twice as much money at 7.5% as she does at 6%. If her total interest after a year is $840, how much does she have invested at each rate?
The only examples in the book and from my teacher provide a total amount invested and I'm not sure where to go without that information. I can do the part combining the system of equations without any issue but I don't see how to get the proper equations from that word problem.
I keep coming up with something like 2X+L=840 and another equation like .075X+.06L=840 but I know that can't be right.
I really appreciate whoever will be able to help me! :)
Click here to see answer by mananth(16946)

Question 276113: Find the equation of the line containing the given pair of points. Express you answer in the form of x=a, y=b, or y=mx+b. (-3,-3) and (4,4) What is the equation of the line? y=????
Click here to see answer by Alan3354(69443)

Question 277745: don has $550.00 in savings his interest per year.how much money will the intrest on his account earn in a year

Click here to see answer by Earlsdon(6294)

Question 277712: Could this be shown how I would put in equation form? And what the answers would be. I think I may be making this worse than it is?
A person invests $36,000, partly at 5%, partly at 6%, and the remainder at 6.5%. The total annual interest is $2,190. Three times the amount invested at 6% equals the amount invested at 5% and 6.5% combined. How much is invested at each rate?
Thanks!
Confused
Click here to see answer by scott8148(6628)

Question 277800: How much of $1000 was invested at 4% and 3%, if the 1 year interest earned was $38?
Click here to see answer by checkley77(12844)

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